This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting central nervous system disorders. Its structure allows for the creation of molecules that can interact with specific receptors in the brain, making it valuable in the design of potential therapeutic agents. Additionally, it is employed in the study of enzyme inhibition and receptor binding, aiding in the discovery of new drugs for neurological conditions. Its unique properties also make it suitable for use in organic synthesis, where it contributes to the development of novel chemical entities with potential medicinal applications.